Alert Icon HomeStreet Bank branches are OPEN with restrictions Learn More

Individual Retirement Account IRA CD

Older Black couple on a tennis court with racket

Individual Retirement Account (IRA) CD

Retire with more. Add to your retirement savings easily with the option to make deposits whenever you want.


  • Competitive interest rates guaranteed for the term of your CD1
  • Additional deposits of at least $100 allowed at any time4
  • Tax advantages of a traditional or Roth IRA


  • Convenient automatic renewal at maturity3
  • Ten calendar day grace period after the maturity date to change the length of the term or withdraw funds without being charged a penalty
  • Security of FDIC insurance
  • Manage your accounts 24/7 from virtually anywhere, with free online and mobile banking

Account opening and maintenance:

  • Flexible terms from 30 days to 60 months
  • $500 minimum opening deposit
  • No monthly service fee
  • No additional charge for paper or electronic statements
  • A penalty may be imposed if any amount of principal is withdrawn prior to the maturity date, based on the term of the CD2

Other Accounts:

Man with glasses using laptop at the table

Custom CD

Competitive interest rates guaranteed for the term of your CD

Flexible terms from 30 days to 60 months

Security of FDIC insurance

Man working on a computer with newborn baby in his lap

Set Your Own Goal CD

Establish your own savings goal

Low minimum opening deposit of $100

Funds may be withdrawn without penalty upon attaining your savings goal

Additional deposits of at least $25 allowed at any time

Family standing in front of house

Home Purchase CD

Establish your own savings goal

Start saving today with as little as $100

No-penalty withdrawal for your home purchase

Additional deposits of at least $25 allowed at any time



  1. Interest Rate and Earnings Information
    The interest rate for your account will be paid until the maturity date of your certificate. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings. Your interest rate and annual percentage yield are listed on your certificate of deposit. Interest will be credited to your account monthly. If you authorize us to withdraw or transfer interest to another account, your interest will not compound. Interest begins to accrue on the business day your deposit posts to the account. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest will not be paid if the account balance is below the minimum opening deposit.
  2. Penalty for Early Withdrawal
    If you withdraw any amount of principal before the maturity date, we may impose a simple interest penalty on the amount withdrawn, at the current interest rate being paid on the account. A withdrawal which reduces the account balance below the minimum balance requirement may be considered a withdrawal of the entire account balance and shall be subject to penalty on the entire amount. If your account has not earned enough interest, or if interest has been paid, we will take the difference from the principal amount of the account. A penalty will not be imposed for withdrawals following the death or adjudicated incompetence of any account holder. For certificates that consist of IRA deposits: Principal withdrawals exempt from penalty are those that are reported to the Internal Revenue Service as required minimum retirement distributions in accordance with applicable IRA regulations. Principal withdrawals above the required minimum distributions each year are subject to the bank’s early withdrawal penalties.
  3. Automatic Renewal
    Account will automatically renew at maturity. You will have ten (10) calendar days after the maturity date to withdraw your funds without a penalty. The interest rate and annual percentage yield for any renewal term will be at the current interest rate we are paying at renewal.
  4. Additions to Principal
    Additions do not extend the maturity date or change the interest rate being paid on the account. All additions become part of the principal balance and are subject to penalty if withdrawn before the maturity date.

Find a Branch | HomeStreet Bank
Find a HomeStreet Branch | HomeStreet Bank

on your street?

Find a branch

You Are Leaving HomeStreet Bank

By choosing “click here to continue” you will be taken to a web site that is not affiliated with HomeStreet Bank and may offer a different privacy policy and level of security. HomeStreet is not responsible for and does not endorse, monitor or guarantee content, availability, viewpoints, products or services that are offered or expressed on other web sites. Furthermore, products offered on other web sites may not be FDIC insured. Thank you.

You are leaving our secured site to send an email. Please be aware this email is not a secure method of communication. Do not use email to send us confidential or sensitive information such as passwords, account numbers or social security numbers. If you need to provide this type of information, use our secure “Contact Us” form or by phone or fax for other secure options.

Return to HomeStreet Bank Click here to continue